Portfolio Recovery Associates Continues Tradition of Giving; Hutchinson Operations Center Donates Time and Resources
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HUTCHINSON, KS, Dec 09 (MARKET WIRE) --
As the holidays approach, Portfolio Recovery Associates, Inc. (NASDAQ:
PRAA) is pleased to announce its local operations center has given more
than $60,000 throughout the year to support a number of regional
charitable organizations.
The Kansas Regional Office of Portfolio Recovery Associates (PRA)
contributed significantly through donations, resources and volunteerism
throughout 2010. These efforts included a $20,000 donation to United Way
of Reno County, a $22,000 contribution to Relay for Life, a donation of
3,220 lbs. of collected food for the Food Bank of Reno County, and 142
pints of blood for the American Red Cross.
"PRA knows it's important to give back to the communities because we
support one another," said Bill Armbruster, vice president of Operations.
"By giving back to the places where we work and live, we strive to help
those in need throughout the year and enrich the places that we call
home."
Comprised of PRA's Norfolk, Va. headquarters, call center sites and
subsidiary locations, PRA has a presence in Virginia, Pennsylvania,
Nevada, California, Alabama, Kansas, Tennessee, Illinois, Texas and New
Jersey. The Kansas site has been located in Hutchinson since 2000.
PRA company and employee philanthropic efforts involve non-profit
organizations across the United States with a focus on groups
specializing in education, the arts, civic and environmental concerns,
human services and health. Within these pillars, PRA's charitable giving
is extensive and represents partnerships with large and small
organizations.
PRA's Kansas site additionally contributed to Big Brothers Big Sisters of
Reno County, Kansas Children's Service League, the Kansas Newspaper
Foundation, Interfaith Housing of Reno County, and the National Fire
Safety Council of Reno County.
This holiday season, PRA's Kansas Regional Office in Hutchinson will
participate for the ninth consecutive year in the Annual Adopt a Child
Campaign hosted by Kansas SRS, People's Bank and Trust, and KHUT FM. As
the largest contributor to the program, PRA's Hutchinson employees have
bought, wrapped and delivered gifts to more than 170 children for both
the 2008 and 2009 holidays. This year, 84 children have been adopted for
the 20th Annual Adopt a Child Campaign by PRA's Kansas Regional Office.
Remaining philanthropic efforts for 2010 include donating turkeys and
food to the Christian Soup Ministry and participating in the Multiple
Sclerosis Walk of Reno County.
Since 2004, PRA and its subsidiaries, located in ten states across the
U.S., have donated more than $1.2 million in philanthropic contributions
to a wide range of non-profit organizations and charitable causes. In
addition, PRA executives actively serve in leadership roles on a variety
of boards and committees throughout the country.
For the fourth consecutive year, Portfolio Recovery Associates has been
named to the Forbes "100 Best Small Companies in America" annual rankings
list, as announced in the Nov. 8, 2010, edition of the business magazine.
PRA is ranked 56 among the top 100 small businesses listed.
About Portfolio Recovery Associates, Inc.
Portfolio Recovery
Associates, Inc. (PRA) is the parent of companies whose business revolves
around the detection, collection, and processing of both unpaid and
normal-course receivables originally owed to credit grantors,
governments, retailers and others. PRA's primary business is the
purchase, collection and management of portfolios of defaulted consumer
receivables. These are the unpaid obligations of individuals to credit
originators, which include banks, credit unions, consumer and auto
finance companies, and retail merchants. Subsidiaries of PRA also provide
fee-based services, including collateral-location services for credit
originators via its IGS subsidiary, revenue administration, audit and
debt discovery/recovery services for government entities through both its
RDS and MuniServices businesses and class action claims recovery services
and related payment processing through its CCB subsidiary.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1447792
Media Contact:
Tanya M. Madison
Vice President, Corporate Communications
tmmadison@portfoliorecovery.com
757-961-3525
Copyright 2010, Market Wire, All rights reserved.
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